620,823 Shares in Crown Castle Inc. $CCI Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 620,823 shares of the real estate investment trust’s stock, valued at approximately $55,182,000. Eurizon Capital SGR S.p.A. owned about 0.14% of Crown Castle at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle during the third quarter worth about $29,000. LRI Investments LLC acquired a new stake in Crown Castle during the third quarter worth about $29,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle during the third quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Crown Castle by 269.9% during the third quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 278 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE CCI opened at $91.56 on Friday. The firm has a 50 day simple moving average of $86.68 and a 200-day simple moving average of $87.69. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The firm has a market cap of $39.96 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same quarter last year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Scotiabank dropped their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. Citigroup dropped their price target on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Barclays lifted their price target on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.